I.  Bellwork: Questions & Answers A.  Figure 5.6 Page 134 At what number of products is the break-even point in on the table achieved? Estimate a range. At what number of workers is the profit-maximization level achieved on the table and explain why this choice is correct. Explain the advantages e-commerce stores have over traditional […]

I.  Bellwork: Chapter 5 Enrichment(1-5 Q&A) II.  Objective: Calculate production schedules and examine how businesses analyze their costs and revenues to maximize profits. Integrate and evaluate multiple sources of information presented in diverse formats and media in order to address a question or solve a problem. III. Discussion: Cost/Revenue/Profit Maximization Pages 132-137  How Nintendo loses […]

I.  Bellwork A Copy the table and complete the Marginal Product & Stage of Production Columns (No graph – just the table) Number of Workers Total Product Marginal Product Stage of Production 0 0 1 4 2 12 3 22 4 34 5 38 6 40 7 36 8 30 II.  Objective Complete a production schedule […]

I. Bellwork – Explain what occurs to total product and marginal product at each stage. – Copy the table   TOTAL PRODUCT MARGINAL PRODUCT STAGE 1 STAGE 2 STAGE 3 II.  Objective: Examine how changes in labor affect output. – Theory of Production Construct a production function and identify the stages of production Evaluate various […]

I.  Bellwork: A.  Illustrate each of the following by constructing a simple supply graph: an increase in quantity supplied a decrease in supply an increase in supply a decrease in quantity supplied II.  Objective Identify how changes in labor result in changes in output. – Theory of Production Provide an accurate summary that makes clear […]

Bellwork Q&A List and explain in detail 2 reasons why the supply curve would shift to the right. List and explain in detail 2 reasons why the supply curve would shift to the left. II.  Objective Utilize supply schedules to express supply graphically and analyze how the Law of Supply is represented. Create and identify circumstances which […]

I.  Bellwork Q&A Pg 117 – Companies in the News What created a shortage of the flu vaccine? How did the market respond to the shortage?  What is the current availability of the vaccine? II.  Objective Define Supply; identify changes in quantity supplied and factors that cause a change in supply. Determine the meaning of […]

I.  Bellwork: Place your Chapter 4 Learning Target Paper in your portfolio On a separate sheet of paper write an MLA heading Write Chapter 4 Exam as the assignment title. II.  Objectives: Complete Chapter 4 assessment by applying concepts and principles which focus on distinguishing between a change in quantity demand and a change in […]

I.  Bellwork: Page 113 Math Practice #29 a & b (Write questions and answers for b) II.  Objective: Identify and analyze factors that influence demand elasticity. Distinguish between a change in quantity demand and demand identifying the situations which impact each. III.  Chapter 4 Learning-Targets-Template Attach Your Chapter 4 Materials to Your Chapter 4 Learning Targets […]

I.  Bellwork Page 113 #26 (Draw the graphs & place arrows demonstrating what will happen to each) II.  Objective: Review and discuss concepts and principles relating to demand. Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence. III.   Discussion Elasticity of Demand IV.  Classwork Page 109 #5-8 Demand […]